Over the years horse racing and gambling have gone together like tea and crumpets. Most people will tell you straight up that horse racing probably wouldn’t be what it is today without the gambling aspect of the sport. Taking away the gambling aspect would not only deliver a fatal blow to the profits of the track and riders, but it could be the potential downfall of the sport in the United States. It is no mistake that horse racing is extremely popular in the United States and the gambling aspect really comes along with it own set of rules and regulations. This is why if you are going to bet on horse racing in the United States, you need to clearly understand what you are getting into.
How Can You Bet On Horse Racing In The United States?
One great thing about betting on horse races is that you have a variety of different betting options available right at your fingertips. Of course, you probably already know that you can go right to the track and physically place bets. However, in the United States, you can also visit certain casino and place wagers or even take advantage of ADW registered sites. Keep in mind that betting on horses can be extremely difficult and require a certain knowledge and finesse. If you want to get some true tips from one of the most successful horse gamblers out there, you should consider visiting BettingGods.com.
The Pari-Mutuel Wagering System
When it comes to betting on horses in the United States, the whole system is set up on what is known as a pari-mutuel wagering system. This basically just means that you are effectively betting against other individuals. The track will, of course, take a percentage form the total bets (15 percent) and the rest of the earnings are divided out amongst the winning ticket holders. All the earnings form a horserace is paid out to the winners in a $2 stake. This means that if you placed a $10 bet and the dividend was $8, you would be paid back $40. The easiest way to think about this is, you paid $10 with a $2 stake (10 divided by 2 equals 5 and when you multiply that 5 by the dividend of 8 you get $40).
You also need to know that there are some situations when the horses can be coupled. For instance, if you are betting on the horse number 1, you could potentially also see a horse numbered 1A. This means that when you bet on 1, you are also backing that 1A without placing an additional wager. This will occur when the two horses are coupled with the same owner or trainer in that single race.
Knowing The Different Type Of Betting Options
Betting on horses can be very tricky to some individual because there is more than one type of bet that you can place at a given time. For instance, in the United States, the three most popular types of betting options are the win, the place, and the show bets.
The Win Bet – The reality is the easiest bet to understand and it just basically means that you pick a certain horse to win a certain race. For instance, you might bet $20 that horse number two is going to win race three.
The Place Bet – The place bet pretty much means that you are betting on a certain horse to finish in the first or second position. For instance, you might bet on horse number two to finish first or second. If horse number two finishes first the payout would be the same if he has finished in second. So, using this bet means that you get lower odds and a lower payout than if you have picked the winner.
The Show Bet – The show best is almost the same as the place bet, except for the fact that you are betting on a certain horse to finish in the first, second, or third position. Once again, the odds are lower and the payout might not be as great, but you will receive the same amount of earnings whether the horse places first, second, or third.
These are just three of the most popular type of wagers that any gambler can make, but there are still tons of different wagering options that you have available to you on any given race day. You will find some of these other betting options below.
Across The Board Bet – The across the board bet is fairly popular amongst the gamblers and it pretty much involves making three bets at once. You bet on a horse to win, you bet on a horse to place, and you also make a show bet. Of course, this bet would cost three times just an original bet, but the pay can be much greater. So, if you were going to bet $2, you would have to wager a total of $6 to make this bet
The Exacta Bet – The exacta bet involves picking the first and second place winners in order. This bet can be extremely lucrative with the right pickings, but it does cost double the wager. So, if you were going to wager $10, you would have to wager $20 to make this bet.
The Trifecta Bet – This is pretty much the same thing as the exacta bet, but you are just trying to pick the horses that will place in first, second, and the right order. In order to make this bet, you will have to triple your wager.
The Superfecta Bet – This best involves picking the first four winnings horses in the right order, which is incredibly hard to do, but can pay out big.
Don’t forget to visit https://www.bettinggods.com/ for more tips from one of the most successful horse betting pros around.
American Horse Racing Tracks
While there are a large number of racecourses in the United States, only about 70 are utilized for thoroughbred racing. One of the most popular racecourses is Churchill Downs, which just happens to be the only one that has been declared a national historic landmark. Each year, the racecourse, located in Louisville, Kentucky, hosts one of the most popular race horsing events in the United States. The Kentucky Derby, a Grade I stakes race, has been deemed “The Fastest Two Minutes in Sports” and “The Most Exciting Two Minutes in Sports”.